British Ai Company Benevolentai Raises $115 Mln At $2b Valuation
London-based BenevolentAI, which applies artificial intelligence to develop new medicines to treat diseases, announced it has raised $115 million in new funding at a pre-money valuation of $2 billion. Not all […]
Sofinnova Partners Leads Inventiva Pharma EUR35,5 M Capital Increase
Sofinnova Partners Leads Inventiva Pharma EUR35,5 M Capital Increase* Sofinnova Partners invested EUR10 M in the capital increase. * Funds will be used to advance the clinical programs of the company's portfolio compounds. * A representative of Sofinnova Partners shall be designated at the Board of directors of Inventiva. PARIS, April 19, 2018-- Sofinnova Partners, a leading European venture capital firm specialized in Life Sciences, announced today it has led Inventiva Pharma (IVA) EUR35,5 M capital increase through its newly created Sofinnova Crossover I Fund. Sofinnova Partners invested EUR10 M, becoming one of the company's largest investors.
Venture Capitalists Seek 'safe Harbor' For Virtual Currencies - The New York Times
A group led by the venture capital firm Andreessen Horowitz is proposing that some virtual currencies not be regulated as securities.
Venture Capitalists Seek 'safe Harbor' For Virtual Currencies
Venture capitalists and entrepreneurs have been lobbying federal regulators to protect at least some virtual currencies from being categorized as securities, a designation that would carry significantly more oversight. The venture capital firm Andreessen Horowitz helped assemble a group of investors and lawyers that met with the Securities and Exchange Commission in late March. They also proposed a "safe harbor" for some virtual currencies, according to a copy of the proposal reviewed by The New York Times and three people briefed on the effort who agreed to speak on the condition of anonymity because the proceedings were confidential.
Msurvey Secures $3.5m To Scale Conversations Across Africa
Interview with Kenneth Griffith, CEO of mSurvey which recently raised $3.5m to scale conversations across Africa. : mSurvey, a Kenyan SaaS Mobile Consumer Feedback Company, has this week announced a VC raise of $3.5m, to help its continued growth in Africa, as well as build on its infrastructure and partnerships. The Series A investment was led by Africa focused venture firm TLcom Capital with investment from Social Capital, Kapor Capital, Golden Palm, and Richard Owen; founding team of Net Promoter Score (NPS).
Jpmorgan Used Palantir Tools To Monitor Employee Activity: Bloomberg Report
Bloomberg published an expose on Thursday that in part reported on how data firm Palantir effectively used JPMorgan as a testing ground to develop a surveillance analytics tool for the financial sector. The tool reportedly reviewed private information, like GPS locations and browser histories, to keep tabs on the bank's employees. Billionaire venture capitalist Peter Thiel founded Palantir in 2004, along with current CEO Alexander Karp, to develop programs that could analyze data gathered by the Pentagon and CIA in Iraq and Afghanistan.
Here's Why These Seven Leaders Including Elon Musk And Jeff Bezos Are Among The World's Most Influential People
They're captains of industry, yes, but they're also entrepreneurial icons and infinitely inspiring. : Time magazine's annual list of the 100 Most Influential People in the World featured several business leaders and entrepreneurs. While they work in different industries and on different projects, they are united by a spirit of innovation--or say entrepreneurial luminaries like Steve Case and Yuri Milner, who, among others, opined on each of the leaders highlighted below. 1. Jeff Bezos, founder and CEO, Amazon -- Bezos's success is due to an unwavering focus on customer satisfaction, says Jamie Dimon, the chairman and CEO of JPMorgan Chase.
Sequoia's Jess Lee Leads Round In On-demand Staffing Platform Wonolo | Fortune
The deal marks her first "public" investment since joining the firm. : On-demand staffing platform Wonolo has announced a $13 million round of financing. The Series B gives the San Francisco-based startup, a marketplace that connects companies with gig economy workers, a nice new infusion of cash. Notably, it also marks the first "public" investment led by Sequoia Capital's Jess Lee. (The investor has led a couple of other rounds of financing, but those companies are still in stealth mode.) Lee joined Silicon Valley venture firm Sequoia Capital as its first female investing partner in the U.S. in late 2016.
Final Tranche Puts Inocucor's Series B Round At $68.6m
Inocucor Corp, a developer of biological inputs for high-value produce and row crops, has raised an additional $20 million (US$15.9 million) for its Series B financing. The final tranche, which brings the round t [...]
High Investor Fomo About P2p Lending In Se Asia: Funding Societies' Teo
Funding Societies had initially planned to raise much less -- up to $15 million -- but higher investor demand culminated in a bigger round, co-founder Kelvin Teo said in an interview with this portal. The post High investor FOMO about P2P lending in SE Asia: Funding Societies co-founder Kelvin Teo appeared first on DealStreetAsia.
Crypto-collectibles And Kitties Marketplace Rare Bits Raises $6m - Techcrunch
Rare Bits wants to be eBay for the blockchain, where you buy, sell, and trade non-fungible crypto-goods. After CryptoKitties raised $12 million from Andreessen Horowitz last month for its digital collectibles game, there's been an explosion of interest in the space. But without a popular marketplace, it's hard to find the goods you want at the [...]